Whale's 25,000 ETH short position with a floating loss of 900,000. Can 3x leverage turn the tide?

【Blockchain Rhythm】Here’s an interesting trading data point. The band whale “pension-usdt.eth” opened a 3x short position yesterday, involving 25,000 ETH, with an average entry price of $2927.33. The current situation isn’t looking good—there’s already a floating loss of $900,000 on the account. Such large leveraged positions often serve as a reference signal for market bearish sentiment. However, leverage trading is inherently risky, especially with volatile assets like ETH, where even a slight move in the opposite direction can result in a big number.